Corporate-Bond Trading Gets Frenzied as More Volume Goes Digital

Credit trading volumes reached a fresh record in 2024 and could hit a new high this year, potentially resulting in lower borrowing costs for US companies.

An average of $46 billion of high-grade and junk bonds changed hands every trading day last year, up 21% from 2023, according to a report by Crisil Coalition Greenwich, a provider of research and data for the financial services industry. In the first week of January, trading volume averaged $56 billion per day, nearly 25% higher than the first week of 2024, Kevin McPartland and Neha Jain wrote in the report published this ...